Integrated Devices (NASDAQ:IDTI):
IDT Introduces Gas Sensor Portfolio Offering Industry-leading Performance and Reliability.
The company is so far trading up since yesterday’s close of 31.38.
Integrated Device Technology, Inc., launched on June 10, 1987, develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. The Company offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions. It offers a range of mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. These products are used for development in areas, such as fourth generation (4G) infrastructure, network communications, cloud datacenters and power management for computing and mobile devices. The Company offers solutions in designing communications, computing, consumer, automotive and industrial applications. The Company markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors, electronic manufacturing suppliers (EMSs) and independent sales representatives..
Integrated Devices’s P/E ratio is 44.04 and the market value is 4.25B. As of the latest earnings report the EPS was $0.72 with 132.99M shares currently outstanding.
Short traders are more bullish on the company as indicated by the decrease in short interest. The stock recorded a fall in short interest of -6.03% between September 29, 2017 and October 13, 2017. Short interest decreased 540,159 over that timeframe. The days to cover increased to 8.0 and the percentage of shorted shares is 0.06% as of October 13.
A few Wall Street analysts have provided guidance on the company. Roth Capital raised the price target on November 8 changing the forecast from $35.00 to $40.00 and issued a “Buy” recommendation. On November 1 KeyCorp made no change to the company rating of “Buy” projecting a price of $33.00.
Equity analyst Barclays PLC raised the price target on October 31 changing the price objective from $24.00 to $28.00 with a rating of “Underweight”.
October 31 investment analysts at Needham & Company LLC left the stock rating at “Buy” targeting a price of $36.00. Bank of America Corporation raised the price target of the stock on October 31 boosting the projection from $27.00 to $30.00 and stated a “Underperform” rating.